China Roundup: Tesla rival Xpeng hits record quarterly revenue, and more

Xpeng posts US$888m revenue in Q3

• Xpeng said it rolled out 25,666 vehicles during this period, marking a new quarterly record for the EV maker.
• The company expects to deliver up to 36,500 units in the fourth quarter.
• It also aims to expand its sales network to over 350 stores by the end of 2021 from 271 as of September.

Medical 3D printing startup bags “hundreds of millions” of yuan

• Triastek will use the new capital to hire more staff and seek business partnerships.
• Triwise Capital led the round, with Matrix Partners and Yunqi Partners chipping in.
• The startup raised the amount after closing its US$51.6 million series B round in June.